Based on Yardi Matrix data, this year’s selection ranges from coast to coast—and may offer a few surprises.
Dallas is CONTI Capital’s #1 Market for Multifamily Investment for the first half of 2023. CONTI Capital analyzed 50 major U.S. metros using the CONTI Index, our proprietary data modeling tool that measures more than 400 leading performance indicators. According to our own data analysis, the industry diversity of Dallas’ labor market and the significant proportion of residents that fall within CONTI Capital’s “prime renter” age range are the primary factors that boosted Dallas to the top of our list for the second time in a row.
The crux of it is, while some major metros rely heavily on one major industry – auto manufacturing in Detroit, leisure and hospitality in Orlando, oil in Houston, et cetera – Dallas’ job market is robust on multiple fronts, making labor an especially stout pillar of the local economy.
In the year ending in 1Q2022, total U.S. employment was up by 6.7 million jobs compared to the year ending 1Q2021, a period that included the worst months of the pandemic’s impact on the labor market.